Oil falls as Covid cases surge
Brent rises amid big spikes in infections at the weekend in the US and elsewhere while traders await an Opec technical meeting
13 July 2020 - 12:41
London — Oil prices dropped on Monday on big spikes in Covid-19 infections at the weekend in the US and elsewhere while traders await an Opec technical meeting expected to recommend an easing of supply cuts.
Brent crude fell 65c, or 1.5%, to $42.59 a barrel by 8.48am GMT, though prices have been hovering around $42 for a couple of weeks. US crude was down 75c, or 1.9%, at $39.80...
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